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Vitol CEO Expects Oil Prices to Rise Towards $50 a Barrel

Adel 10 November, 2020 3:45 pm Commodities, Market Update

Vitol CEO Russell Hardy said oil prices will be heading towards a range of $ 45- $ 49 a barrel or even $ 50 in the next few months, with inventory drawdown modest during the winter and this accelerating through mid-2021.

The benchmark Brent crude was trading at around $ 43 a barrel on Tuesday.

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